Senior Expense Analyst (Actuals) - 6 Month FTC

Beazley; Greater London; On-site; GBP 60,000 - 80,000; Full time

Job summary

Beazley is seeking a Senior Expense Actuals Analyst to support monthly expense processes, analytics and reporting across the Group. The role focuses on expense actuals, management reporting and control processes to optimise the expense ratio, requiring understanding of activity drivers and data accuracy.

The position involves implementing analytics and controls, with interaction across Finance, Platform Management Committees and senior stakeholders.

Qualifications

• Qualified accountant (ACA/ACCA/CIMA or similar) with relevant experience.
• Experience in financial services sector or insurance market (preferably Lloyd’s).
• Experience of Expense roles within complex insurance organisations.
• Experience in a fast-paced deadline driven environment.
• Experience with cost allocation methodologies and processes.
• Knowledge of accounting standards (GAAP and IFRS).

Responsibilities

• Foster strong relationships with Finance Business Partners and stakeholders to understand business activity, expense drivers and reporting requirements.
• Enable rapid interpretation / updates and support via a continuous feedback loop with all stakeholders to support data accuracy.
• Effectively communicate to stakeholders by using visuals and storytelling techniques.
• Update KPI’s to identify operational performance risks / opportunities and share recommendations.
• Support on improving quality of the underlying data, reporting and commentary to improve decision-making and the financial impact and risks.
• Work with Expense Accounting teams to develop and improve month-end processes and reporting timelines.

Skills

Qualified accountant

Insurance/financial services exp

Expense roles experience

Cost allocation

GAAP IFRS knowledge

Fast-paced environment

Job description

Senior Expense Actuals Analyst 6 Month FTC

General

Job Description

Senior Expense Actuals Analyst 6 Month FTC

Division: Finance – Financial Performance

Reports To: Expense Actuals Lead

Direct Reports: None

Relationships: Finance Leadership Team, Platform Management Committees, Finance (incl. Financial Performance team), Chief Underwriting Office, Underwriting Teams, Group Actuarial and Strategic Finance, Support Functions, and other Business Users.

About The Role

Beazley is seeking a Senior Expense Actuals Analyst to provide accurate and timely support with monthly Expense processes and reporting outputs required to enable decision-making. This is an exciting role that is focused on supporting expense actuals, management reporting, expense analytics and control processes across the Group in service of optimising the Expense ratio.

This role involves understanding business activity and expense drivers to support accurate expense reporting, forecasting and analysis. It will also involve implementing controls and adopting analytics around those processes to explain the results and support improved efficiencies across the team.

Responsibilities

Decision-support

• Foster strong relationships with Finance Business Partners and stakeholders to understand business activity, expense drivers and reporting requirements.
• Enable rapid interpretation / updates and support via a continuous feedback loop with all stakeholders to support data accuracy.
• Effectively communicate to stakeholders by using visuals and story-telling techniques.
• Update KPI’s to identify operational performance risks / opportunities and share recommendations.
• Support on improving quality of the underlying data, reporting and commentary to improve decision-making and the financial impact and risks associated with different scenarios.

Financial Insights

• Working with Expense Accounting teams, support the development and improvement of a comprehensive expense month-end process aligned with Beazley’s overall objectives (GAAP, Platform and YOA).
• Contribute expert Expense (actuals) insights and commentary as required across key companywide reporting, including but not limited to group reporting, regulatory reporting, expense reporting and productivity metrics.
• Support the delivery of expense actual reporting requirements, ensuring fit for purpose reporting that is right first time and that is of high quality. This should provide insightful MI and Risk and Opportunities amongst other exhibits.
• Identify opportunities to streamline month-end processes and reporting timelines to unlock more time to spend on better data management and variance analysis.
• Update metrics and targets for expense control and efficiency arising from projects that impact the Expense result or processes. This will include process documentation.
• Constantly review appropriateness and alignment of Expense Accounting processes in conjunction with Expense Accounting managers. Update, embed and document changes required.

Technology Adoption

• Utilise new systems (Workday and Adaptive) and AI to enhance the current global offering, ensuring we create efficiency and globalisation across the Expense Accounting Team.
• Work with the change team to ensure that decision-support tools can provide actionable data for a variety of operational and tactical decisions.
• Be a “voice of the internal customer” in meetings with Financial Performance, Technology and Change teams to help design intuitive reports, analysis and dashboards that meet the needs of stakeholders.
• Support change management strategies to facilitate adoption of new tools and processes.

Requirements

Competencies

• Expense management expertise: Knowledge of expense accounting, management reporting, cost allocations, variance analysis and month-end processes, with strong understanding of planning and forecasting interactions.
• Communication and storytelling: Relevant storytelling, communication and presentation skills to effectively convey financial insights, analysis and recommendations to decision makers.
• Advanced technology literacy: Ability to use digital technologies to support better outcomes for finance and the business.
• Problem-solving: Ability to challenge assumptions, identify root causes and develop effective solutions.
• Relationship building and collaboration: Ability to build strong relationships with business unit leaders and stakeholders. Ability to collaborate with Finance teams to design intuitive reports, analyses and dashboards.
• Continuous improvement: Ability to deliver defined success criteria and establish measurable metrics for monitoring tool utilization and quality.
• Agile working: Ability to work effectively on a team that uses agile principles to continuously iterate the delivery and development of financial tools and solutions.
• Professionalism: Consistently demonstrates integrity, is highly credible, respectful and trustworthy and represents the expense team in a professional manner. Builds and maintains successful working relationships and is seen to go the extra mile.
• Learning and development: Recognises and takes responsibility for mistakes and learns from them. Continually seeks self-development opportunities.
• Adaptability: Effectively manages changing priorities in a dynamic environment. Seeks training opportunities to understand new working methods. Proves resilient in uncertain and difficult situations and adapts approach/plans/style as required.
• Responsibility and accountability: Assumes full responsibility for the consequences of own behaviour and decisions. Delivers on commitments to clients demonstrating reliability and dependability. Admits mistakes and takes responsibility for correcting them.

Essential Criteria

• Qualified accountant (ACA/ACCA/CIMA or similar) with relevant experience.
• Experience of financial services sector or insurance market (preferably Lloyd’s).
• Experience of Expense roles within complex insurance organisations.
• Experience of working in a fast-paced deadline driven environment.
• Experience with cost allocation methodologies and processes.
• Knowledge of accounting standards (GAAP and IFRS).

Success in role

• Month-end delivered accurately and on time.
• Strong focus on accuracy, controls and data integrity.
• Support reduction in reporting cycle times.
• Improved quality of expense commentary and analytics.
• Ability to identify reporting and process enhancement opportunities.
• Ability to translate financial data into meaningful management information.
• Ability to identify key expense drivers and trends.
• Support with strengthened expense controls and governance.
• Improved stakeholder satisfaction.
• Clear and concise communication.
• Ownership and accountability.

About Us

At Beazley, our values underpin everything we do. In all interactions, both internally and externally, we expect our people to embody our core values: Being Bold, Striving for Better, and Doing the Right Thing.

We Expect All Employees To

• Champion Beazley culture by demonstrating professionalism, integrity, collaboration and accountability, contributing to a high-performing team environment and positive stakeholder experience.
• Complete all mandatory training and comply with applicable policies, procedures, regulatory requirements and risk management standards.
• Fulfil additional responsibilities and objectives as assigned by your line manager or through participation in relevant committees, projects or working groups.
• Maintain a current understanding of compliance, risk, governance and internal control requirements relevant to the role, ensuring all responsibilities are discharged effectively.
• Act with the highest ethical standards, protecting the interests of Beazley, its stakeholders and customers in all activities and decisions.

We are a flexible and innovative employer offering a friendly, collaborative and inclusive working environment. We actively encourage applications from individuals of all backgrounds and experiences. Our commitment to fostering a supportive and dynamic workplace enables every employee to thrive, develop and contribute to our collective success. Through a wide range of professional, social and wellbeing networks, we support both personal and professional growth.

In return, Beazley offers a competitive salary, discretionary bonus and comprehensive benefits package, including flexible working arrangements, commuting support, complimentary in-office lunches, enhanced parental leave and a range of financial, physical and mental wellbeing benefits.